Will UltraGreen.ai be able to shine in a market dominated by big, dividend-paying companies?

As the newly listed stock slides below its IPO price, DFI Retail Group is soaring on plans to boost its profitability and lift its dividend payout ratio

In the end, the much anticipated listing of UltraGreen.ai on Dec 3 was something of an anticlimax.

While its shares popped nicely when trading kicked off, they were struggling to stay above water by the end of the week. They closed on Friday (Dec 5) at US$1.44 – just below their initial public offering (IPO) price of US$1.45.

On the face of it, this lacklustre start is disappointing. UltraGreen.ai is exactly the kind of technology-driven, growth-oriented listing aspirant that Singapore’s public market ecosystem has been trying to draw in order to revive its fortunes.

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